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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?


To: tejek who wrote (145613)9/7/2014 2:40:56 PM
From: pcstel1 Recommendation

Recommended By
Brian Sullivan

  Respond to of 149317
 



To: tejek who wrote (145613)9/9/2014 1:23:52 PM
From: koan  Read Replies (2) | Respond to of 149317
 
<<
You're confused............what I've said is that the legislation needs to be changed and banks need to pay thru the nose for their BS. Sending a banker to jail for 2 years where we the taxpayers have to pay for his or her upkeep is nonsense. To these guys, its money that talks..........and trust, B of A ain't happy about paying $17 billion to the US govt.............because it hurts their profit margin and pisses off their shareholders. >.

Tejek, those bankers would much rather pay a fine than go to jail. All those fines have not affected their pay. B of A a is paying 17 billion, but getting to use 12 billion as a tax deduction.

The big banks just see the fines as the cost of doing business and if all they have to worry about is fines they will keep on committing fraud.

The only way to stop it is to put them in jail for fraud. Hundreds were put in jail after the S and L crises.